Kose, M. Ayhan; Riezman, Raymond - Centre for the Study of Globalisation and … - 1999
with free trade and a non-cooperative Nash equilibria. Utilizing aggregate and disaggregate welfare change measures, we … quantify the welfare effects of trade arrangements. In particular, we develop a numerical approximation procedure to decompose … the welfare changes into two components associated with the variations in terms of trade and volume of trade. The results …